$1,488,000 - 595 North Lake Road, Richmond Hill
Detached for Sale in Richmond Hill
39 days on market- MLS Number
- N13103278
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- CENTURY 21 PERCY FULTON LTD.
Rare Waterfront Opportunity on Prestigious North Lake Rd!Welcome to 959 North Lake Rd - a truly exceptional Lake Wilcox waterfront property offering breathtaking views and endless potential. Situated on a premium deep lot with approximately 33.89 ft frontage widening to 50.04 ft at the rear and an impressive 300.31 ft depth, this is a rare opportunity for builders, investors, and end-users alike.Ideally positioned on the north shore of Lake Wilcox with sought-after south exposure, this property enjoys abundant natural light throughout the day and stunning sun-filled lake views. Adding to its appeal, enjoy the rare benefit of no neighbour on the east side, offering enhanced privacy and a more serene, open setting.The existing 1.5-storey home features 2 bedrooms and 1 bathroom, ideal for rental income, personal use, or as a holding property while planning your future build.Located in one of Richmond Hill's most desirable communities, surrounded by upscale homes, parks, and scenic trails, this is a standout opportunity for builders looking to create a signature residence, investors seeking long-term value, and end-users dreaming of lakeside living.Build, invest, or enjoy - this is your chance to secure a prime waterfront property with limitless potential.
Estimate your monthly payments for this property
Estimated Payment
$6,581.93/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Richmond Hill
Richmond Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Richmond Hill
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Richmond Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
595 North Lake Road, Richmond Hill
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1353/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 39 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Richmond Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,200 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.